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When Global Banks Become Less Global

June 30, 2016

Global banks are doing less business in smaller countries making remittances more difficult (photo: Kacper Pempel/ Reuters/REUTERS/Newscom).

Many of the world’s bigger banks are reevaluating their relationships with banks in smaller, sometimes riskier countries, making it harder for businesses and people to move money across borders. The process is commonly known as De-Risking. IMF Staff have recently published a research paper entitled The Withdrawal of Correspondent Banking Relationships. In this podcast, we speak with coauthor Yan Liu.

Yan Liu, Assistant General Counsel in the IMF’s legal Department.